AGP Executive Report
Last update: 10 hours agoMarket Outlook: Standard Chartered says Ethena’s USDe supply could hit $40B by end-2028 and launched ENA coverage with a $2 target, but the bank flags the key question: can buybacks and yield scale fast enough to justify the repricing? Crypto Regulation: ESMA wants MiCA to regulate the “access points” into DeFi (exchanges, wallets, and interfaces) rather than the protocols, aiming to keep the DeFi exemption narrow. EU Scrutiny: Binance is under renewed EU review over whether it kept serving customers via a narrow “reverse solicitation” exemption after a wind-down order, with regulators warning the exemption shouldn’t be used to bypass MiCA. Security & Scams: Bitget confirmed its $387.5M theft involved a third-party zero-day flaw and says it’s disabled the affected functionality; MetaMask says it’s exiting affected Ethereum validators after an infrastructure security incident. Stablecoins & Policy: Switzerland’s central bank warned large stablecoins could make monetary policy harder to transmit, even as it continues wholesale CBDC work. Payments Disruption: Kenya Power says its X customer-care account was hacked and urged users to stick to official channels. Local Impact: Coins.ph users can’t receive InstaPay/PESONet inbound transfers after BSP partially suspended DCPay’s inbound access. Bitcoin Watch: Citi lifted its 12-month BTC target to $113K on renewed ETF inflows and a steadier institutional pace.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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